Legislation Would Add Auto Enrollment Feature to
TSP

A news report on FedSmith.com says the Family
Smoking Prevention and Tobacco Control Act (HR 1256)
would provide for automatic enrollment in the TSP, with
employees able to opt out of participating. The bill also
directs the TSP to provide for qualified Roth 401(k)
contributions.

According to the news report, the bill would give
the TSP the option of setting up a “self-directed
investment window,” with restrictions limiting these
investment options to:

FedSmith.com also reported that other legislation
tacked on to the tobacco measure would provide for unused
sick leave to be counted toward the computation of the
retirement benefits for federal employees under the
Federal Employees’ Retirement System (FERS) as it is
for employees under the Civil Service Retirement System
(CSRS).